What does personal lines insurance cover?

What can you sell with personal lines insurance?

What types of policies can I sell with my P&C insurance license?

  • Personal property, such as jewelry, fine arts, cameras, and musical instruments.
  • Personal watercraft, such as boats and yachts.
  • Personal umbrella liability insurance to increase and supplement homeowners and personal auto liability coverage.

What is personal lines insurance sales?

A personal lines insurance agent is licensed to sell multiple types of insurance policies including property and casualty, life, health, liability, and umbrella insurance to protect individuals and families against financial loss.

What is the difference between personal lines and property and casualty?

Personal lines, as the term suggests, includes coverages for individuals- vehicles and household insurance. Commercial lines, that accounts for almost half of U.S. property/casualty insurance premium, includes the many kinds of insurance products designed for businesses.

What 3 things does personal injury coverage include?

PIP insurance covers medical expenses for you and your passengers after an accident, no matter who is at fault. These expenses include ambulance fees, medical and surgical treatments, and prescriptions. PIP can also reimburse you for lost wages, home care expenses, and even funeral expenses.

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What is the purpose of a captive insurance company?

A “captive insurer” is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer’s underwriting profits.

What are the different lines of insurance?

Four Major Lines of Insurance

  • Property.
  • Casualty.
  • Life.
  • Health and Disability.

What does personal lines consist of?

Personal lines insurance includes products such as homeowners insurance, flood insurance, earthquake insurance, renters insurance, automobile insurance, life insurance, disability insurance, umbrella insurance, and health insurance.

How do I sell personal lines insurance?

50 Ways to Market Personal Lines Insurance

  1. 12 Social Media. Fun video where you “fast read” all the potential [car] policy discounts you offer. …
  2. 10 Captive Audiences. Poster-type ads in restrooms. …
  3. 6 Web-Related. …
  4. 5 Internal Marketing. …
  5. 5 Office-Based. …
  6. 6 Printed Places. …
  7. 3 Giveaways. …
  8. 3 Team-Ups.

What is personal insurance for?

Personal liability insurance is about financial protection – for you and your family. The personal liability coverage within your homeowners policy provides coverage to pay for claims of bodily injury and property damage sustained by others for which you or covered residents of your household are legally responsible.

What can I do with a personal lines license?

A personal lines licensee is a person authorized to transact automobile insurance, residential property insurance, including earthquake and flood insurance, personal watercraft insurance and umbrella or excess liability insurance providing coverage when written over one or more underlying automobile or residential

What is P and C insurance?

Property insurance and casualty insurance (also known as P&C insurance) are types of coverage that help protect you and the property you own. Property insurance helps cover stuff you own like your home or your car. … Property and casualty insurance are typically bundled together into one insurance policy.

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What is the difference between personal and commercial insurance?

The main differnce between personal and commercial insurance is what they are being used for. You need personal insurance if it deals with your life and you need commercial insurance if it deals with your business.